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BREAKWATER ANNOUNCES 2004 ANNUAL FINANCIAL AND OPERATING RESULTS |
03/07/2005 |
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BREAKWATER ANNOUNCES 2004 ANNUAL FINANCIAL AND OPERATING RESULTS
March 7, 2005 - For the year ended December 31, 2004, Breakwater Resources Ltd. (the “Company”) reported Net Earnings of $2.6 million ($0.01 per share) on Gross Sales Revenue of $240.3 million compared with Net Earnings of $0.7 million ($0.00 per share) on Gross Sales Revenue of $207.6 million in 2003. Earnings for 2003 included a foreign exchange gain of $11.6 million and a gain of $10.3 million from the sale of the Lapa properties. More…
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